NEXT plc (LON:NXT) Given Hold Rating at Deutsche Bank AG

NEXT plc (LON:NXT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday, October 24th. They currently have a GBX 4,400 ($57.87) target price on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 0.48% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Investec restated a “buy” rating and issued a GBX 4,750 ($62.48) price objective on shares of NEXT plc in a research note on Thursday, August 3rd. Shore Capital reaffirmed a “hold” rating on shares of NEXT plc in a research report on Thursday, August 3rd. Peel Hunt reaffirmed a “hold” rating and set a GBX 4,200 ($55.24) target price on shares of NEXT plc in a research report on Thursday, August 3rd. Jefferies Group LLC raised shares of NEXT plc to a “hold” rating and boosted their target price for the stock from GBX 3,500 ($46.03) to GBX 3,850 ($50.64) in a research report on Thursday, July 27th. Finally, Societe Generale boosted their target price on shares of NEXT plc from GBX 4,129 ($54.31) to GBX 4,737 ($62.30) and gave the stock a “hold” rating in a research report on Friday, September 15th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 4,450.55 ($58.54).

NEXT plc (LON:NXT) traded up GBX 10 ($0.13) during midday trading on Tuesday, reaching GBX 4,379 ($57.60). 459,986 shares of the company’s stock were exchanged, compared to its average volume of 698,846. NEXT plc has a 1 year low of GBX 3,565 ($46.89) and a 1 year high of GBX 5,355 ($70.43).

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In other NEXT plc news, insider Michael J. Roney bought 405 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of GBX 4,313 ($56.73) per share, for a total transaction of £17,467.65 ($22,974.68).

NEXT plc Company Profile

NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company’s segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties.

Analyst Recommendations for NEXT plc (LON:NXT)

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